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Jul 26, 2011
07/11
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jon: a fox business alert for you now and some big reeds on the -- big reads on the economy today. two of those on the housing market. new home sales falling 1% last month hitting record lows in parts of the northeast and the west. but there's one bright spot. home prizes rose for a second straight month in may helped by spring buying. prices rose in 16 of the 20 cities surveyed. meantime, consumer confidence slightly herer in july, up to 59.5 from june's 57.6 but still well below 90, and that's what it takes to indicate a healthy economy. so far the markets seem more focused on company earnings than the debt crisis. the dow down slightly right now, about 55 points, but eventually the markets will react to the lack of a debt deal. fox business network's rich edson live from washington with more on that. rich? >> reporter: well, jon, it stands on two different proposals right now, one pushed by republicans, the second -- naturally -- pushed by democrats. first off, to the senate plan, something offered by senate majority leader harry reid. cuts $2.7 trillion over ten years and then
jon: a fox business alert for you now and some big reeds on the -- big reads on the economy today. two of those on the housing market. new home sales falling 1% last month hitting record lows in parts of the northeast and the west. but there's one bright spot. home prizes rose for a second straight month in may helped by spring buying. prices rose in 16 of the 20 cities surveyed. meantime, consumer confidence slightly herer in july, up to 59.5 from june's 57.6 but still well below 90, and...
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Jul 18, 2011
07/11
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i mean you're talking big numbers then. and you had erskin bowles, democrat, he headed up the president's deficit and debt commission. he says if you just do $2 trillion that is not going to solve the big problem for the markets. it's an interesting problem. jon: yeah, and looking at the building over your shoulder there it doesn't seem like there are a lot of, i don't know, real winners coming out of this at this point. i don't see any real winners in the white house unless, i don't know, maybe somehow they come to some agreement that makes everybody happy, but it seems like nobody is happy right now. who are the winners and losers as this arguing goes on? >> reporter: no, this has not been a profile of courage these past few weeks. and to be honest with you, if you start looking at polls about antiincumbent feeling, this could be the biggest antiincumbent election coming up, throw both of them out, you know, the blame could go both sides -- jon: a pox on both your parties. >> reporter: that's exactly. that's the feeling,
i mean you're talking big numbers then. and you had erskin bowles, democrat, he headed up the president's deficit and debt commission. he says if you just do $2 trillion that is not going to solve the big problem for the markets. it's an interesting problem. jon: yeah, and looking at the building over your shoulder there it doesn't seem like there are a lot of, i don't know, real winners coming out of this at this point. i don't see any real winners in the white house unless, i don't know,...
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Jul 11, 2011
07/11
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mcconnell also said to you that a big $4 trillion bargain, that is big, and that's what obama wants, is off the table. here is what he said regarding the damming impact it would have on jobs. you might find this interesting if you missed it. listen. >> everything they've told me and the speaker is that to get a big package would require big tax increases in the middle of the economic situation that is extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job killer. julie: do you feel the american majority feels that this would be a job killer? >> reporter: i think that republicans point back to the november elections and say they were elected not to raise taxes, and to cut spending and to overall cut the size and scope of government. that's what they see the mandate was from november 2010. as far as the increases you heard the president say today that he wants increases down the road in 2013, nothing right now arguing that the economy will be in better shape. politically at the end of that news conference was really i think the president lifting the curtain
mcconnell also said to you that a big $4 trillion bargain, that is big, and that's what obama wants, is off the table. here is what he said regarding the damming impact it would have on jobs. you might find this interesting if you missed it. listen. >> everything they've told me and the speaker is that to get a big package would require big tax increases in the middle of the economic situation that is extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job...
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Jul 27, 2011
07/11
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jenna: breaking news of the day, and we have more big stories throughout the hour including a big rule anything the case of the former police sergeant who keeps losing wyomings. what -- wives. the case of drew peterson and how it could impact his murder trial. >>> also house speaker john boehner reworking his debt deal. this as the clock ticks closer to that default deadline. six days away, can a deal be struck in time? we'll go in depth just ahead. you could save a bundle with geico's multi-policy discount. geico, saving people money on more than just car insurance. ♪ geico, saving people money on more than just car insurance. jenna: right now new informing on some crime stories we're keeping an eye on for you here, a blow in the case against a former illinois police sergeant charged with murder. a state appellate court upholding a judge's ruling not to allow some hearsay or secondhand evidence in the drew peterson trial, accused in the death of his third wife. kathleen savio. >>> also rod blagojevich asking a judge to grant him a third trial, his lawyers say his conviction
jenna: breaking news of the day, and we have more big stories throughout the hour including a big rule anything the case of the former police sergeant who keeps losing wyomings. what -- wives. the case of drew peterson and how it could impact his murder trial. >>> also house speaker john boehner reworking his debt deal. this as the clock ticks closer to that default deadline. six days away, can a deal be struck in time? we'll go in depth just ahead. you could save a bundle with...
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Jul 29, 2011
07/11
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there is the big orange blob we are talking about. starting to see outer bands moving across texas into louisiana. they need the rain, they need so much rain from this tropical storm, unfortunately they are not going to get the bulk of the rainfall. we think mexico is going to see the worst of the rainfall and it could be a beneficial to them and parts of south texas. there is that cone of uncertainty that we are talking about, again making landfall some time in the overnight hours between corpus and browns villain we'll keep you posted throughout the evening. back to you. jenna: the cone of uncertainty, the orange blobs, it's that season again isn't it. >> reporter: it is and we have one behind this one, jenna we'll problem pwhraoeb talking about next week. jenna: we'll keep our audience updated on that and we hope casey does have that rain slicker. jon: i want a rain slicker. jenna: we don't get one we are inside. >> reporter: you don't have one. jon: can i come to your office and unlock the price closet. >> reporter: i have apprise
there is the big orange blob we are talking about. starting to see outer bands moving across texas into louisiana. they need the rain, they need so much rain from this tropical storm, unfortunately they are not going to get the bulk of the rainfall. we think mexico is going to see the worst of the rainfall and it could be a beneficial to them and parts of south texas. there is that cone of uncertainty that we are talking about, again making landfall some time in the overnight hours between...
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Jul 20, 2011
07/11
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that is a big problem. and by the way we saw major economists, housing economist yesterday say that he predicts another 10 to 20% decline in housing values, which means more foreclosures. if people lose equity in their house. jenna: we're hearing one of the reasons why some of these sales aren't happening it is not necessarily no one is shopping but we're seeing deals fall through. contracts get canceled. >> yep. jenna: why are we seeing that? >> i think it's the kind of panic that's happened in the economy over the last month or so, jenna. looked like the first four months of this year the economy was really picking up steam. and then we of course hit that speed bump and let's hope it is just a speed bump. i think people are frightened to take on this new debt. by the way, jenna, if i may, this story ties into the other story you innings ined about what is happening with the debt ceiling. if we have downgrade on our debt and if we can't deal with this enormous $14.3 trillion debt and bring it down then the
that is a big problem. and by the way we saw major economists, housing economist yesterday say that he predicts another 10 to 20% decline in housing values, which means more foreclosures. if people lose equity in their house. jenna: we're hearing one of the reasons why some of these sales aren't happening it is not necessarily no one is shopping but we're seeing deals fall through. contracts get canceled. >> yep. jenna: why are we seeing that? >> i think it's the kind of panic...
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Jul 22, 2011
07/11
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well, the big news coming in just the last half hour. in the last half hour, the police confirmation that it was, in fact, a bomb. it wasn't a gas explosion, it wasn't just an accident. also the thing you mentioned that there may be some people trapped here, obviously, that did not look like the case with those initial images we saw, it looked like they'd done pretty much the cleanup. that really is the latest. at least one person dead, there could be more. there are certainly several injured, and you can see from the amount of destruction how much glass came out of those windows. the prime minister's building is supposedly 17 stories high, and you can see how much of that was damaged, certainly people on the street and perhaps even in the buildings were injured. now, why did all this happen? a lot of different theories. just last week a norwegian prosecutor filed terror charges against an iraqi cleric who had threatened norwegians with death if they deported him. also norway had a similar incident to what denmark had with the cartoons t
well, the big news coming in just the last half hour. in the last half hour, the police confirmation that it was, in fact, a bomb. it wasn't a gas explosion, it wasn't just an accident. also the thing you mentioned that there may be some people trapped here, obviously, that did not look like the case with those initial images we saw, it looked like they'd done pretty much the cleanup. that really is the latest. at least one person dead, there could be more. there are certainly several injured,...
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Jul 28, 2011
07/11
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jon: a fox news alert and big doings on capitol hill. we're awaiting a vote in congress on house peeker -- speaker boehner's plan. the cloture vote just started on this rule a short time ago. house minority leader nancy pelosi weighed in. take a listen. >> let me say this, i'm very proud of the enthusiasm in our caucus for something other than the boehner bill. the boehner bill will not pass because it has democratic votes. jon: well, we are going to keep you updated. it doesn't sound like there's a lot of optimism from the democratic side of the aisle, but things can change. we'll keep you posted as we get closer to the actual vote. jenna: well, certainly the debt crisis is something we're going to be paying close attention to, but we have to get to other news as well. two years ago this sunday three americans hiking in iraq requester arrested on charge -- were arrested on charges they crossed a marker to iran. shane bauer and josh fatale are still being held in an iranian prison on espionage charges. they have a hearing set for this su
jon: a fox news alert and big doings on capitol hill. we're awaiting a vote in congress on house peeker -- speaker boehner's plan. the cloture vote just started on this rule a short time ago. house minority leader nancy pelosi weighed in. take a listen. >> let me say this, i'm very proud of the enthusiasm in our caucus for something other than the boehner bill. the boehner bill will not pass because it has democratic votes. jon: well, we are going to keep you updated. it doesn't sound...
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Jul 6, 2011
07/11
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the big tragedy here and i spent my career fighting for victims. we may never know in large part because of casey's lies and because she didn't come forth in the very beginning to say what she knew about her daughter. that being said, patti ann, i said on this program the past few weeks there were major, major problems with this case and i think we saw that come out in this verdict. patti ann: yeah. so, you mentioned lies. you know, cindy, her mother, got on the stand and said she searched the chloroform. that was proven false. some are asking if she could face perjury charges next. >> look at the end of the day the jury had more questions than answers number one. and the second thing is they didn't know who to believe. number one they weren't about to make up answers to questions when they didn't have the answers. and number two, they weren't about to try to figure out who do i believe in this whole web of lies. so, do i think that cindy or george are going to face perjury charges? i don't think so. that's my honest opinion. but what i do think is
the big tragedy here and i spent my career fighting for victims. we may never know in large part because of casey's lies and because she didn't come forth in the very beginning to say what she knew about her daughter. that being said, patti ann, i said on this program the past few weeks there were major, major problems with this case and i think we saw that come out in this verdict. patti ann: yeah. so, you mentioned lies. you know, cindy, her mother, got on the stand and said she searched the...
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Jul 21, 2011
07/11
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texas is a big state, has a lot of people in it. for a governor who hasn't even announced he's running, hasn't decided whether he's running, to come in with 39% of the vote in a thee receipt tech le theoretie president, those are pretty good numbers, don't you think, scott. >> much of this polling data is a reflection on the incumbent president rather than any challenging. no matter who we put against the president he attraction that number. jon: when you put michelle bachman in there she got 39% of the votes. the slight difference here is that president obama's number went up slightly to 46% versus 44% for perry. but she has the same number he has. >> again, she is considered one of the leading candidates. you'd have to say that mitt romney, perry and bachman are the top three right now. the odds are better than 50-50 that one of them will be the republican nominee. there are interesting differences in the dynamics, michelle bachman does much better among men, and rick perry a again women. jon: generally, i mean the more interestin
texas is a big state, has a lot of people in it. for a governor who hasn't even announced he's running, hasn't decided whether he's running, to come in with 39% of the vote in a thee receipt tech le theoretie president, those are pretty good numbers, don't you think, scott. >> much of this polling data is a reflection on the incumbent president rather than any challenging. no matter who we put against the president he attraction that number. jon: when you put michelle bachman in there she...
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Jul 14, 2011
07/11
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that is the other big thing. if we don't get a debt deal we might get higher interest rates which will hurt job growth so it is a pretty rough situation. jon: some of the countries like germany, didn't stimulate like we did and still came out of this pretty well, right? >> they did. germany is a actually a very good example of that. look at some of the other european countries not in such good shape. we heard talking about a moment ago will we turn into the next greece? there are key difference what we have as an advantage versus what is going on in europe. to me is interest rates. our interest rates is very, very low here. that is why the debt debate is very important debate. if we come through it and we don't have a deal by august 2nd we will have higher interest rates. that is what is going on a in europe. that is very difficult for them to borrow money. we can still borrow at very low rate. that is one of the advantages. there is question how long that will be there for. jon: when you read the numbers it is h
that is the other big thing. if we don't get a debt deal we might get higher interest rates which will hurt job growth so it is a pretty rough situation. jon: some of the countries like germany, didn't stimulate like we did and still came out of this pretty well, right? >> they did. germany is a actually a very good example of that. look at some of the other european countries not in such good shape. we heard talking about a moment ago will we turn into the next greece? there are key...
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Jul 13, 2011
07/11
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>> reporter: well that's a big question. this is the idome super tanner here, this is probably their rolls royce of the building this cost you $36 per go inside, clearly i'm over dressed. this 10% tax took effect just over one year ago, july 1st of last year. it was designed to generate some $2.7 billion over the next decade. why was it put in place? well to help pay for president obama's healthcare bill, which stands at 940 bill kwrorz. supporterbillion dollars. supporters say it offsets the cost of treating skin cancer . however there has been another affect. the businesses themselves say look the extra cost is hurting us and it's hurting business. there is no doubt about it. the tanning salons say it's unfair to be singled out because this particular law, actually exempts tanning booths inside health clubs. because of that they say a you're hurting jobs and you're hurting these small businesses but you're also not being fair about it. it's been in effect for one year. we are in the middle of summer, maybe not as busy as y
>> reporter: well that's a big question. this is the idome super tanner here, this is probably their rolls royce of the building this cost you $36 per go inside, clearly i'm over dressed. this 10% tax took effect just over one year ago, july 1st of last year. it was designed to generate some $2.7 billion over the next decade. why was it put in place? well to help pay for president obama's healthcare bill, which stands at 940 bill kwrorz. supporterbillion dollars. supporters say it offsets...
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Jul 25, 2011
07/11
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you've got to go where the big spending programs are. rising health care costs are the largest and fastest growing area of spending, bar none. that's why i've been an advocate of changing the way we pay for health care so it's based on the value. and we also need to scrub the defense budget. we have weapons systems that the pentagon keeps telling congress, stop appropriating money for these systems. we don't want 'em, we don't need 'em, they're not helping with defense readiness, and they're nonsensical. and i've been one of the leaders on farm bill reform, too, ending the huge taxpayer subsidies going to large agribusiness. it's not fiscally responsible, and that, too, should be in the mix. jenna: we'll see if we can get some of these big things done. that seems to be what you're going for, and we'll see if it can get done. thank you for joining us today. >> thank you. jon: we are awaiting an important meeting of house republicans. we're just getting word that speaker john boehner will unveil another plan to control the ballooning debt
you've got to go where the big spending programs are. rising health care costs are the largest and fastest growing area of spending, bar none. that's why i've been an advocate of changing the way we pay for health care so it's based on the value. and we also need to scrub the defense budget. we have weapons systems that the pentagon keeps telling congress, stop appropriating money for these systems. we don't want 'em, we don't need 'em, they're not helping with defense readiness, and they're...
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Jul 12, 2011
07/11
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but it's being overridden by all these big government programs. greg: thanks very much. you can get a lot more of david later on today on the fox business network. tune in at 4:00pm eastern time when he he hosts bulls and bears with liz claiman. don't miss america's nightly scoreboard which he hoes at 9:00pm, it's a great show, i love watching it. david, thanks. patti ann: new controversy over gun control. the obama administration is rolling out new rules. they require gun dealers along the southern border to report what they sell to the federal government. some lawmakers are fighting back. they say the white house is over stepping its bounds, and taking power away from song. shannon bream is live in washington with more on this for us. >> reporter: well the administration is steadily undertaking a number of smaller steps on gun control that are starting to raise questions within the gun rights community. the latest came late yesterday, an announcement by the department of justice that it will ask federally licensed gun shops to report the sales of certain guns. that mov
but it's being overridden by all these big government programs. greg: thanks very much. you can get a lot more of david later on today on the fox business network. tune in at 4:00pm eastern time when he he hosts bulls and bears with liz claiman. don't miss america's nightly scoreboard which he hoes at 9:00pm, it's a great show, i love watching it. david, thanks. patti ann: new controversy over gun control. the obama administration is rolling out new rules. they require gun dealers along the...